Oil (F) 2017-12-21
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/12/18022306/5a3b9b04953b5-750x430.png)
As we advised before, Oil managed to hold trades inside trading zone between 54.80 and 58.70
As we see over the chart , market closing from resistance zone 58.40-70 where as long as market holding below another drop wave toward 54.80-55.00 is expected
Above 58.70 more advance toward 59.60 and 62.40 is expected
Support | Resistance | |
Level 1 | 56.50 | 58.40-70 |
Level 2 | 55.80 | 59.60 |
Level 3 | 54.80 | 60.80 |